Sri Lanka recorded a trade deficit of 573.90 USD Million in February of 2020.

Balance of Trade in Sri Lanka averaged -531.41 USD Million from 2003 until 2020, reaching an all time high of -50.10 USD Million in May of 2003 and a record low of -1100.70 USD Million in November of 2011. This page provides the latest reported value for - Sri Lanka Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sri Lanka Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Central Bank of Sri Lanka

Balance of Trade in Sri Lanka is expected to be -500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Sri Lanka to stand at -610.00 in 12 months time. In the long-term, the Sri Lanka Balance of Trade is projected to trend around -820.00 USD Million in 2021 and -610.00 USD Million in 2022, according to our econometric models.

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Sri Lanka Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-573.90 -574.00 -50.10 -1100.70 2003 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-01-31 09:00 AM Nov $-762M $-838M $-850M
2020-02-24 12:50 PM Dec $-784M $-762M $ -520M
2020-03-31 09:00 AM Jan $-730M $-784M $-610M
2020-05-15 09:30 AM Feb $-574M $-730M $-750M
2020-06-01 09:00 AM Mar $-574M $ -840M
2020-06-29 09:00 AM Apr
2020-07-31 09:00 AM May
2020-08-31 09:00 AM Jun $ -500M


News Stream
Sri Lanka Trade Gap Widens in January
Sri Lanka's trade deficit rose to USD 730 million in January of 2020 from USD 617 million in the same month of the previous year. Exports fell 3.2 percent to USD 1,005 million, due to lower shipments of industrial products (-1.7 percent); agricultural goods (-9.1 percent) and mineral products (-13 percent). Conversely, imports surged 4.8 percent to USD 1,735 million, as higher acquisitions of capital goods (7.6 percent) and consumer goods (23.7 percent) more than offset a decline in those of intermediate goods (-2.3 percent).
2020-03-31
Sri Lanka Trade Gap Widens in December
Sri Lanka's trade deficit increased to USD 784 million in December of 2019 from USD 701 million in the same month of the previous year. Exports dropped 3.2 percent to USD 1,000 million, due to lower shipments of industrial products (-1.8 percent), particularly textiles and garments (-2.1 percent) and rubber products (-4.4 percent); and agricultural products (-9.8 percent), mainly tea (-9.6 percent). On the other hand, exports of mineral products advanced 67.7 percent. Meantime, imports rose 2.9 percent to USD 1,784 million, driven by higher purchases of consumer (9.5 percent) and investment goods (10.5 percent). In contrast, exports of intermediate goods declined 2.7 percent. Considering full 2019, the country’s trade gap narrowed to USD 7.99 billion from USD 10.34 billion in 2018.
2020-02-24
Sri Lanka Trade Gap Narrows in November
Sri Lanka's trade deficit decreased to USD 762 million in November of 2019 from USD 785 million in the same month of the previous year. Exports fell 0.1 percent to USD 979 million, due to lower sales of agricultural products (-0.2 percent), particularly rubber (-48.2 percent). Imports dropped at a faster 1.3 percent to USD 1,741 million dragged by lower purchases of non-food consumer goods (-9.0 percent) and intermediate goods (-7.6 percent). In contrast, imports of food & beverages (26.7 percent) and investment goods (15.9 percent) increased.
2020-01-31
Sri Lanka Trade Gap Narrows 7.2% YoY in October
Sri Lanka's trade deficit dropped to USD 838 million in October of 2019 from USD 903 million in the same month of the previous year. Exports dropped 0.2 percent to USD 977 million, due to lower shipments of agricultural products (-3.3 percent). Meanwhile, exports of industrial (0.6 percent) and mineral products (21.6 percent) increased. Imports dropped 3.5 percent to USD 1,816 million, amid declines in purchases of consumer (-12.6 percent) and investment goods (-8.2 percent). In contrast, imports of intermediate goods advanced 2.2 percent.
2019-12-16

Sri Lanka Balance of Trade
Sri Lanka exports mostly textiles and garments (40% of total exports) and tea (17%). Others include: spices, gems, coconut products, rubber and fish. Main export partners are United States, United Kingdom, Germany, Belgium and Italy. Sri Lanka imports petroleum, textile fabrics, foodstuffes and machinery and transportation equipment. Main import partners are India, China, Iran and Singapore.